ÎçҹѰ»¨ Media Announces Results of Special Shareholders Meeting
ENGLEWOOD, Colo., Oct. 24 /PRNewswire-FirstCall/ -- ÎçҹѰ»¨ Media Corporation, (Nasdaq: LINTA, LCAPA) announced that charter amendment proposals authorizing the reclassification of its ÎçҹѰ»¨ Capital common stock into two new tracking stocks have been approved by its shareholders.
The issuance of the new ÎçҹѰ»¨ Capital and ÎçҹѰ»¨ Entertainment tracking stocks approved at yesterday's meeting is subject to the completion of the previously announced exchange of ÎçҹѰ»¨ Media's stock in News Corporation for stock in a newly formed corporate subsidiary of News Corporation that will hold News Corp's DirecTV holdings, three regional sports networks and cash.
About ÎçҹѰ»¨
ÎçҹѰ»¨ owns interests in a broad range of electronic retailing, media, communications and entertainment businesses. Those interests are attributed to two tracking stock groups: the ÎçҹѰ»¨ Interactive group, which includes ÎçҹѰ»¨'s interests in QVC, Provide Commerce, IAC/InterActiveCorp, and Expedia, and the ÎçҹѰ»¨ Capital group, which includes ÎçҹѰ»¨'s interests in Starz Entertainment, News Corporation, and Time Warner. For more information, please see .
SOURCE ÎçҹѰ»¨
Released October 24, 2007